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Coventry building society relaunches 100% mortgages

Coventry building society relaunches 100% mortgages
The Coventry building society has reintroduced 100% mortgages for its exisitng mortgage customers. The 100% mortgage once avalible from many lenders has been completely removed from the market untill this week.

Lenders are slowly reintroducing higher LTV (loan to value) limits on thier mortgages but we are a long way from the peak where lenders such as Northern Rock were offering to lend up to 125% of the value of your house.

This move by the Coventry is being viewed as a positive step to help their customers who are unabe to remortgage.
27th Feb 09

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